Toast, Inc. — Director's Dealing 2021

Sep 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Toast, Inc. (TOST)
CIK: 0001650164
Period of Report: 2021-09-24

Reporting Person: Technology Investment Dining Group, LLC (10% Owner)
Reporting Person: Papa Steve (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-24	Common Stock	C	19351845	—	Disposed	55297040	Direct
2021-09-24	Common Stock	J	55297040	—	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-24	Series A Preferred Stock	$	C	18072290	Disposed		Common Stock (18072290)	Direct
2021-09-24	Series B Preferred Stock	$	C	1279555	Disposed		Common Stock (1279555)	Direct
2021-09-24	Class B Common Stock	$	J	55297040	Acquired		Class A Common Stock (55297040)	Direct

Footnotes

F1: Immediately prior to the completion of the Issuer's initial public offering, each share of Series A Preferred Stock and Series B Preferred Stock (together, the "Preferred Stock") automatically converted into one share of the Issuer's Common Stock. The Preferred Stock had no expiration date.

F2: The shares are held directly by Technology Investment Dining Group, LLC. These shares are owned indirectly by Steven Papa by virtue of him being the managing member of Technology Investment Dining Group, LLC.

F3: Immediately prior to the completion of the Issuer's initial public offering and following the conversion of each series of the Issuer's Preferred Stock into Common Stock, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F4: Each outstanding share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.